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THE WOODLANDS, Texas , Dec. 10, 2024 /PRNewswire/ -- MIND Technology, Inc. MIND ("MIND" or the "Company") today announced financial results for its fiscal 2025 third quarter ended October 31, 2024 . Revenues from continuing operations for the third quarter of fiscal 2025 were approximately $12.1 million compared to approximately $5.0 million in the third quarter of fiscal 2024. The Company reported operating income from continuing operations of approximately $1.9 million for the third quarter of fiscal 2025 compared to an operating loss of $1.5 million for the third quarter of fiscal 2024. Net income for the third quarter of fiscal 2025 amounted to $1.3 million compared to $568,000 in the third quarter of fiscal 2024. Third quarter of fiscal 2025 net income attributable to common shareholders (after the effect of the conversion of preferred stock into common stock) was $15.7 million , or $2.87 per share compared to a loss of $379,000 , or a loss of $0.27 per share in the third quarter last year. Adjusted EBITDA from continuing operations for the third quarter of fiscal 2025 was approximately $2.0 million compared to a loss of $1.1 million in the third quarter of fiscal 2024. Adjusted EBITDA from continuing operations, which is a non-GAAP measure, is defined and reconciled to reported net income (loss) and cash provided by (used in) operating activities in the accompanying financial tables. These are the most directly comparable financial measures calculated and presented in accordance with United States generally accepted accounting principles, or GAAP . The backlog of Marine Technology Products related to our Seamap segment as of October 31, 2024 was approximately $26.2 million which was flat sequentially compared to backlog as of July 31, 2024 . Rob Capps , MIND's President and Chief Executive Officer, stated, "We are very pleased to report that third quarter revenue grew 21% sequentially and 143% over last year's third quarter. We continue to capitalize on macro tailwinds and customer engagement to stimulate order flow and generate improved results. We are also continually working to improve our execution, efficiency and cost structure, which we expect to contribute to sustained profitability in future quarters. As in the second quarter, we generated positive cash flow from operations in this quarter, increasing our cash balance to $3.5 million as of October 31, 2024 . "We have begun our fiscal fourth quarter with a strong backlog of approximately $26.2 million , essentially flat compared to our second quarter. Looking closer, however, we made substantial order deliveries during the third quarter that contributed to our 21% sequential revenue growth, and we were able to balance this growth with new orders. We expect this trend to continue in future periods and have an active pipeline of pending orders and other prospects that total more than twice our backlog of orders received. The combination of our improved capital structure, encouraging business environment, robust backlog and exceptional pipeline of opportunities gives us confidence for improved financial results in the coming quarters and fiscal year," concluded Capps. CONFERENCE CALL Management has scheduled a conference call for Wednesday, December 11, 2024 at 9:00 a.m. Eastern Time ( 8:00 a.m. Central Time ) to discuss the Company's fiscal 2025 third quarter results. To access the call, please dial (412) 902-0030 and ask for the MIND Technology call at least 10 minutes prior to the start time. Investors may also listen to the conference call live on the MIND Technology website, http://mind-technology.com , by logging onto the site and clicking "Investor Relations". A telephonic replay of the conference call will be available through December 18, 2024 and may be accessed by calling (201) 612-7415 and using passcode 13750138#. A webcast archive will also be available at http://mind-technology.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Dennard Lascar Investor Relations by email at MIND@dennardlascar.com . ABOUT MIND TECHNOLOGY MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas , MIND has a global presence with key operating locations in the United States , Singapore , Malaysia , and the United Kingdom . Its Seamap unit designs, manufactures and sells specialized, high performance, marine exploration and survey equipment. Forward-looking Statements Certain statements and information in this press release concerning results for the quarter ended October 31 , 2024 may constitute " forward-looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words " believe, " " expect, " " anticipate, " " plan, " " intend, " " should, " " would, " " could " or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers ' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital and volatility in commodity prices for oil and natural gas. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Non-GAAP Financial Measures Certain statements and information in this press release contain non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company ' s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or GAAP. Company management believes that these non-GAAP financial measures, when considered together with the GAAP financial measures, provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. Company management also believes that these non-GAAP financial measures enhance the ability of investors to analyze the Company's business trends and to understand the Company's performance. In addition, the Company may utilize non-GAAP financial measures as guides in its forecasting, budgeting, and long-term planning processes and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. Reconciliation of Backlog, which is a non-GAAP financial measure, is not included in this press release due to the inherent difficulty and impracticality of quantifying certain amounts that would be required to calculate the most directly comparable GAAP financial measures. -Tables to Follow- MIND TECHNOLOGY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) (unaudited) October 31, 2024 January 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 3,505 $ 5,289 Accounts receivable, net of allowance for credit losses of $332 at each of October 31, 2024 and January 31, 2024 9,471 6,566 Inventories, net 17,249 13,371 Prepaid expenses and other current assets 1,039 3,113 Total current assets 31,264 28,339 Property and equipment, net 775 818 Operating lease right-of-use assets 1,526 1,324 Intangible assets, net 2,420 2,888 Deferred tax asset 122 122 Total assets $ 36,107 $ 33,491 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,179 $ 1,623 Deferred revenue 248 203 Customer deposits 3,112 3,446 Accrued expenses and other current liabilities 1,742 2,140 Income taxes payable 2,093 2,114 Operating lease liabilities - current 660 751 Total current liabilities 10,034 10,277 Operating lease liabilities - non-current 866 573 Total liabilities 10,900 10,850 Stockholders' equity: Preferred stock, $1.00 par value; 2,000 shares authorized; no shares issued and outstanding at October 31, 2024 and 1,683 shares issued and outstanding at January 31, 2024 — 37,779 Common stock, $0.01 par value; 40,000 shares authorized; 7,969 shares issued and outstanding at October 31, 2024 and 1,406 shares issued and outstanding at January 31, 2024 80 14 Additional paid-in capital 135,572 113,121 Accumulated deficit (110,479) (128,307) Accumulated other comprehensive gain 34 34 Total stockholders' equity 25,207 22,641 Total liabilities and stockholders' equity $ 36,107 $ 33,491 MIND TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) For the Three Months Ended October 31, For the Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Sales of marine technology products $ 12,105 $ 4,974 31,819 23,132 Cost of sales: Sales of marine technology products 6,684 2,721 17,402 13,402 Gross profit 5,421 2,253 14,417 9,730 Operating expenses: Selling, general and administrative 2,762 2,941 8,305 9,160 Research and development 562 508 1,352 1,479 Depreciation and amortization 221 257 724 892 Total operating expenses 3,545 3,706 10,381 11,531 Operating income (loss) 1,876 (1,453) 4,036 (1,801) Other income (expense): Interest expense — (169) — (536) Other, net (189) 25 320 336 Total other income (expense) (189) (144) 320 (200) Income (loss) from continuing operations before income taxes 1,687 (1,597) 4,356 (2,001) Provision for income taxes (396) (112) (1,313) (590) Net income (loss) from continuing operations 1,291 (1,709) 3,043 (2,591) Income from discontinued operations, net of income taxes — 2,277 — 1,424 Net income (loss) $ 1,291 $ 568 $ 3,043 $ (1,167) Preferred stock dividends - declared — (947) — (947) Preferred stock dividends - undeclared (368) — (2,262) (1,894) Effect of preferred stock conversion 14,785 — 14,785 — Net Income (loss) attributable to common stockholders $ 15,708 $ (379) $ 15,566 $ (4,008) Net Income (loss) per common share - Basic and Diluted Continuing operations $ 2.87 $ (1.89) $ 5.62 $ (3.86) Discontinued operations $ — $ 1.62 $ — $ 1.01 Net income (loss) $ 2.87 $ (0.27) $ 5.62 $ (2.85) Shares used in computing net income (loss) per common share: Basic and diluted 5,473 1,406 2,772 1,406 MIND TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) For the Nine Months Ended October 31, 2024 2023 Cash flows from operating activities: Net income (loss) $ 3,043 $ (1,167) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 724 1,230 Stock-based compensation 141 264 Gain on sale of Klein — (2,393) Provision for inventory obsolescence 67 23 Gross profit from sale of other equipment (457) (385) Changes in: Accounts receivable (3,006) (688) Unbilled revenue 164 51 Inventories (3,944) (3,174) Prepaid expenses and other current and long-term assets 2,076 566 Income taxes receivable and payable (24) (21) Accounts payable, accrued expenses and other current liabilities 98 (1,045) Deferred revenue and customer deposits (289) 1,115 Net cash used in operating activities (1,407) (5,624) Cash flows from investing activities: Purchases of property and equipment (213) (199) Proceeds from the sale of Klein, net — 10,832 Sale of other equipment 457 385 Net cash provided by investing activities 244 11,018 Cash flows from financing activities: Preferred stock conversion transaction costs (619) — Net proceeds from short-term loan — 2,947 Payment on short-term loan — (3,750) Refund of prepaid interest on short-term loan — 214 Net cash used in financing activities (619) (589) Effect of changes in foreign exchange rates on cash and cash equivalents (2) (14) Net change in cash and cash equivalents (1,784) 4,791 Cash and cash equivalents, beginning of period 5,289 778 Cash and cash equivalents, end of period $ 3,505 $ 5,569 MIND TECHNOLOGY, INC. Reconciliation of Net Income (Loss) and Net Cash Used in Operating Activities to EBITDA and Adjusted EBITDA from Continuing Operations (in thousands) (unaudited) For the Three Months Ended October 31, For the Nine Months Ended October 31, 2024 2023 2024 2023 Reconciliation of Net income (loss) to EBITDA and Adjusted EBITDA from continuing operations (in thousands) Net income (loss) $ 1,291 $ 568 $ 3,043 $ (1,167) Interest expense, net — 169 — 536 Depreciation and amortization 221 290 724 1,230 Provision for income taxes 396 112 1,313 590 EBITDA (1) 1,908 1,139 5,080 1,189 Stock-based compensation 47 106 141 264 Income from discontinued operations net of depreciation and amortization — (2,308) — (1,762) Adjusted EBITDA from continuing operations (1) $ 1,955 $ (1,063) $ 5,221 $ (309) Reconciliation of Net Cash Provided by (Used in) Operating Activities to EBITDA Net cash provided by (used in) operating activities $ 2,288 $ (2,147) $ (1,407) $ (5,624) Gain on Sale of Klein — 2,393 — 2,393 Stock-based compensation (47) (106) (141) (264) Provision for inventory obsolescence (22) (23) (67) (23) Changes in accounts receivable (current and long-term) (115) (2,570) 2,842 637 Interest paid, net — 169 — 576 Taxes paid, net of refunds 473 192 1,411 617 Gross profit from sale of other equipment — 49 457 385 Changes in inventory (1,798) 2,841 3,944 3,174 Changes in accounts payable, accrued expenses and other current liabilities and deferred revenue 2,161 (427) 191 (70) Changes in prepaid expenses and other current and long-term assets (1,034) 763 (2,076) (566) Other 2 5 (74) (46) EBITDA (1) $ 1,908 $ 1,139 $ 5,080 $ 1,189 1. EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined as net income before (a) interest income and interest expense, (b) provision for (or benefit from) income taxes and (c) depreciation and amortization. Adjusted EBITDA excludes non-cash foreign exchange gains and losses, stock-based compensation, impairment of intangible assets and other non-cash tax related items. We consider EBITDA and Adjusted EBITDA to be important indicators for the performance of our business, but not measures of performance or liquidity calculated in accordance with GAAP. We have included these non-GAAP financial measures because management utilizes this information for assessing our performance and liquidity, and as indicators of our ability to make capital expenditures, service debt and finance working capital requirements and we believe that EBITDA and Adjusted EBITDA are measurements that are commonly used by analysts and some investors in evaluating the performance and liquidity of companies such as us. In particular, we believe that it is useful to our analysts and investors to understand this relationship because it excludes transactions not related to our core cash operating activities. We believe that excluding these transactions allows investors to meaningfully trend and analyze the performance of our core cash operations. EBITDA and Adjusted EBITDA are not measures of financial performance or liquidity under GAAP and should not be considered in isolation or as alternatives to cash flow from operating activities or as alternatives to net income as indicators of operating performance or any other measures of performance derived in accordance with GAAP. In evaluating our performance as measured by EBITDA, management recognizes and considers the limitations of this measurement. EBITDA and Adjusted EBITDA do not reflect our obligations for the payment of income taxes, interest expense or other obligations such as capital expenditures. Accordingly, EBITDA and Adjusted EBITDA are only two of the measurements that management utilizes. Other companies in our industry may calculate EBITDA or Adjusted EBITDA differently than we do and EBITDA and Adjusted EBITDA may not be comparable with similarly titled measures reported by other companies. Contacts: Rob Capps, President & CEO MIND Technology, Inc. 281-353-4475 Ken Dennard / Zach Vaughan Dennard Lascar Investor Relations 713-529-6600 MIND@dennardlascar.com View original content: https://www.prnewswire.com/news-releases/mind-technology-inc-reports-fiscal-2025-third-quarter-results-302328159.html SOURCE MIND Technology, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.panaloko.c 。

US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise. Her comments at the Wall Street Journal's CEO Council Summit come as Trump has vowed broad tariffs of at least 10 percent on all imports, and higher rates on goods from China, Canada and Mexico. Imposing broad-based tariffs could "raise prices significantly for American consumers and create cost pressures on firms" which rely on imported goods, Yellen said when asked about Trump's plans. She cautioned that this could weigh on the competitiveness of certain sectors and increase costs to households. "This is a strategy I worry could derail the progress that we've made on inflation, and have adverse consequences on growth," she said. But she defended efforts by President Joe Biden's administration to impose targeted tariffs on Chinese goods to counter unfair trade practices by Beijing. She has previously raised concern over China's industrial overcapacity -- which risks a flood of underpriced goods into global markets and could undermine the development of key US industries. On Tuesday, Yellen also expressed regret that the United States has not made more progress on the country's deficit, saying she believes it "needs to be brought down, especially now that we're in an environment of higher interest rates." She stressed the importance of an independent Federal Reserve too, saying that countries perform better economically when central banks are allowed to exercise their best judgment without political influence. Trump has said that he would like "at least" a say over setting the Fed's interest rate. "I think it's a mistake to become involved in commenting on the Fed and certainly taking steps to compromise its independence," said Yellen. "I believe it tends to undermine the confidence of financial markets and, ultimately, of Americans in an important institution," she added. Yellen noted that she has spoken with Trump's Treasury chief nominee, billionaire hedge fund manager Scott Bessent, congratulating him on his nomination. bys/bjt

PORTLAND, Ore. (AP) — A businessman with no experience in public office is taking over as mayor of Oregon’s biggest city as it embraces an entirely new system of government — one that’s so different, the City Council chambers had to be completely renovated. Portland voters last month elected Keith Wilson, a trucking company executive and founder of a nonprofit working to increase homeless shelter capacity. He ran on an ambitious pledge to end unsheltered homelessness within a year and was sworn in Thursday alongside a council expanded from five seats to 12. Portland is contending with homelessness , public drug use and a rising cost of living. Wilson, a Portland native, plans to reach his goal of ending unsheltered homelessness by increasing the number of nighttime walk-in emergency shelters in facilities such as churches and community centers. His message appeared to have resonated in a city where surveys conducted over the past few years have shown that residents view homelessness as a top issue. He ran against three outgoing City Council members. “Our city government has been reimagined, embodying the best of our innovation and values,” Wilson said on the stage of the Newmark Theater in downtown Portland after taking the oath of office. “Now it's time for Portland's new leadership to meet the moment we now face and solve the issues that prevent us from reaching our true potential.” Wilson said he will treat homelessness as a crisis. He noted the city's plans, announced earlier in the day, to open 200 overnight winter emergency shelter beds. “Tents, tarps and RVs are not places to sleep, because we will have secure shelters for everyone,” he said. The mayoral race , which featured 19 candidates, was thrown open when Mayor Ted Wheeler decided against seeking reelection after holding the city’s top post since 2017. Wheeler rose to national prominence in 2020 as nightly protests erupted on Portland streets and around the country in response to the police killing of George Floyd . The field of candidates in council races was crowded as well, with nearly 100 running for the new seats that were elected by voters in individual districts rather than citywide. The new city council sworn in Thursday “is more diverse and representative than any that came before,” Wilson said. Women make up half of the new council, which also includes multiple people of color — including the first two Asian-Americans to serve on the body. The 130-year-old City Hall was renovated for $8.3 million to accommodate the increase in members. The new dais can now seat 12 people; floor layouts were changed to create more office space; and technology, seismic and accessibility updates were added throughout the building. “Remodeling council chambers is a once-in-a-generation activity,” Maty Sauter, director of Portland's Bureau of Fleet and Facilities, told the outgoing City Council as it held its last meeting on Wednesday in the new chambers. “We've been able to reuse this 1895 facility and make it modern, contemporary and useful.” It’s going to take time for the new government to figure out which of the many changes are working, said Chris Shortell, associate professor of political science at Portland State University. In another first for City Hall, Wilson and the incoming Council members were elected under Portland's new system of ranked-choice voting . A candidate would win if they were the first choice of more than 50% of voters in the first round. Otherwise, a second round would eliminate the candidate with the fewest votes and their supporters’ votes go to their next choice. The process would repeat until someone emerges with a majority of votes. Some 34% of voters ranked Wilson as their first choice, according to final results. The new City Council will hold its first meeting in January.

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By MICHELLE L. PRICE WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump’s movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer’s comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar.” Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry’s need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump’s world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world’s richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump’s movement but his stance on the tech industry’s hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry’s need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Related Articles National Politics | Should the U.S. increase immigration levels for highly skilled workers? National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns Trump’s own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump’s businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country” and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,” he told the “All-In” podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump’s budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.

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LONDON — A woman who claimed mixed martial arts fighter Conor McGregor "brutally raped and battered" her in a Dublin hotel penthouse was awarded nearly 250,000 Euros ($257,000) on Friday by a civil court jury in Ireland. Nikita Hand said the Dec. 9, 2018, assault after a night of partying left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced the woman to do anything against her will and said she fabricated the allegations after the two had consensual sex. His lawyer had called Hand a gold digger. The fighter, once the face of the Ultimate Fighting Championship but now past his prime, shook his head as the jury of eight women and four men found him liable for assault after deliberating about six hours in the High Court in Dublin. He was mobbed by cameras as he left court but did not comment. He later said on the social platform X that he would appeal the verdict and the "modest award." Hand's voice cracked and her hands trembled as she read a statement outside the courthouse, saying she would never forget what happened to her but would now be able to move on with her life. She thanked her family, partner, friends, jurors, the judge and all the supporters that had reached out to her online, but particularly her daughter. "She has given me so much strength and courage over the last six years throughout this nightmare to keep on pushing forward for justice," she said. "I want to show (her) and every other girl and boy that you can stand up for yourself if something happens to you, no matter who the person is, and justice will be served." The Associated Press generally does not name alleged victims of sexual violence unless they come forward publicly, as Hand has done. Under Irish law, she did not have the anonymity she would have been granted in a criminal proceeding and was named publicly throughout the trial. Her lawyer told jurors that McGregor was angry about a fight he had lost in Las Vegas two months earlier and took it out on his client. "He's not a man, he's a coward," attorney John Gordon said in his closing speech. "A devious coward and you should treat him for what he is." Gordon said his client never pretended to be a saint and was only looking to have fun when she sent McGregor a message through Instagram after attending a Christmas party. He said Hand knew McGregor socially and that they had grown up in the same area. She said he picked her and a friend up in a car and shared cocaine with them, which McGregor admitted in court, on the way to the Beacon Hotel. Hand said she told McGregor she didn't want to have sex with him and that she was menstruating. She said she told him "no" as he started kissing her but he eventually pinned her to a bed and she couldn't move. McGregor put her in a chokehold and later told her, "now you know how I felt in the octagon where I tapped out three times," referring to a UFC match when he had to admit defeat, she said. Hand had to take several breaks in emotional testimony over three days. She said McGregor threatened to kill her during the encounter and she feared she would never see her young daughter again. Eventually, he let go of her. "I remember saying I was sorry, as I felt that I did something wrong and I wanted to reassure him that I wouldn't tell anyone so he wouldn't hurt me again," she testified. She said she then let him do what he wanted and he had sex with her. A paramedic who examined Hand the next day testified that she had never before seen someone with that intensity of bruising. A doctor told jurors Hand had multiple injuries. Hand said the trauma of the attack had left her unable to work as a hairdresser, she fell behind on her mortgage and had to move out of her house. Police investigated the woman's complaint but prosecutors declined to bring charges, saying there was insufficient evidence and a conviction was unlikely. McGregor, in his post on X, said he was disappointed jurors didn't see all the evidence prosecutors had reviewed. He testified that the two had athletic and vigorous sex, but that it was not rough. He said "she never said 'no' or stopped" and testified that everything she said was a lie. "It is a full blown lie among many lies," he said when asked about the chokehold allegation. "How anyone could believe that me, as a prideful person, would highlight my shortcomings." McGregor's lawyer told jurors they had to set aside their animus toward the fighter. "You may have an active dislike of him, some of you may even loathe him – there is no point pretending that the situation might be otherwise," attorney Remy Farrell said. "I'm not asking you to invite him to Sunday brunch." The defense said the woman never told investigators McGregor threatened her life. They also showed surveillance video in court that they said appeared to show the woman kiss McGregor's arm and hug him after they left the hotel room. Farrell said she looked "happy, happy, happy." McGregor said he was "beyond petrified" when first questioned by police and read them a prepared statement. On the advice of his lawyer, he refused to answer more than 100 follow-up questions. The jury ruled against Hand in a case she brought against one of McGregor's friends, James Lawrence, whom she accused of having sex with her in the hotel without consent. Get local news delivered to your inbox!MGX-001, utilizing a highly specific and efficient MG29-1 nuclease, exhibits no identifiable off-target editing MG29-1 nuclease targeting the albumin safe harbor locus showed no evidence of translocations in primary human hepatocytes Metagenomi Adenine Base Editor (ABE) demonstrates no detectable translocations and no significant genomic base composition differences in primary T-cells EMERYVILLE, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Metagenomi, Inc. (Nasdaq: MGX), a precision genetic medicines company committed to developing curative therapeutics for patients using its proprietary gene editing toolbox, today presented a talk titled “Specific and efficient genome editing with metagenomics-derived tools for in vivo and ex vivo therapeutic applications” at the Nature Conference: RNA at the Bench and Bedside IV. “We believe the value proposition for single-dose gene editing therapies requires exquisite specificity characterization to ensure safety and efficacy. Today’s presentation highlights the precision of Metagenomi’s next-generation nucleases and ABEs, discovered through the company’s proprietary metagenomics platform and tailored for both in vivo and ex vivo therapeutic applications,” said Alan Brooks, SVP and Head of Preclinical. “MGX-001, Metagenomi’s development candidate for hemophilia A, which utilizes the novel nuclease MG29-1, exhibits no identifiable off-target editing using a series of orthogonal assays employed to evaluate potential off-target sites in the genome. The MG29-1 nuclease targeting the albumin safe harbor locus showed no evidence of translocations in primary human hepatocytes. For Metagenomi’s novel next-generation ABE for ex vivo cell therapy indications via multiplex editing, the data showed no detectable translocations and no significant genomic base composition differences in primary T-cells when compared to unedited cells. These examples demonstrate our strong capabilities in developing highly specific next-generation gene editing tools and support the company’s ability to potentially progress these systems toward the clinic for the benefit of patients.” About Metagenomi Metagenomi is a precision genetic medicines company committed to developing curative therapeutics for patients using its proprietary, comprehensive metagenomics-derived toolbox. Metagenomi is harnessing the power of metagenomics, the study of genetic material recovered from the natural environment, to unlock four billion years of microbial evolution to discover and develop a suite of novel editing tools capable of correcting any type of genetic mutation found anywhere in the genome. Its comprehensive genome editing toolbox includes programmable nucleases, base editors, and RNA and DNA-mediated integration systems (including prime editing systems and clustered regularly interspaced short palindromic repeat associated transposases (CAST)). Metagenomi believes its diverse and modular toolbox positions the company to access the entire genome and select the optimal tool to unlock the full potential of genome editing for patients. For more information, please visit https://​metageno​mi​.co. Cautionary Note Regarding Forward‐​Looking Statements This press release contains ​“forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements, which are often indicated by terms such as ​“anticipate,” ​“believe,” ​“could,” ​“estimate,” ​“expect,” ​“goal,” ​“intend,” ​“look forward to,” ​“may,” ​“plan,” ​“potential,” ​“predict,” ​“project,” ​“should,” ​“will,” ​“would” and similar expressions, include, but are not limited to, any statements relating to our growth strategy and product development programs, including the timing of and our ability to conduct IND-enabling studies, make regulatory filings such as INDs, statements concerning the potential of therapies and product candidates, and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; risks relating to the results of research and development activities; risks relating to the timing of starting and completing clinical trials; uncertainties relating to preclinical and clinical testing; our dependence on third party suppliers; our ability to attract, integrate and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in ​“Risk Factors,” in our most recent Form 10-K and our most recent 10-Qs on file with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Contact: Simon Harnest - CIO, SVP Investor Relations IR@​metagenomi.​coPORTLAND, Ore. (AP) — A businessman with no experience in public office is taking over as mayor of Oregon’s biggest city as it embraces an entirely new system of government — one that’s so different, the City Council chambers had to be completely renovated. Portland voters last month elected Keith Wilson, a trucking company executive and founder of a nonprofit working to increase homeless shelter capacity. He ran on an ambitious pledge to end unsheltered homelessness within a year and was sworn in Thursday alongside a council expanded from five seats to 12. Portland is contending with homelessness , public drug use and a rising cost of living. Wilson, a Portland native, plans to reach his goal of ending unsheltered homelessness by increasing the number of nighttime walk-in emergency shelters in facilities such as churches and community centers. His message appeared to have resonated in a city where surveys conducted over the past few years have shown that residents view homelessness as a top issue. He ran against three outgoing City Council members. “Our city government has been reimagined, embodying the best of our innovation and values,” Wilson said on the stage of the Newmark Theater in downtown Portland after taking the oath of office. “Now it's time for Portland's new leadership to meet the moment we now face and solve the issues that prevent us from reaching our true potential.” Wilson said he will treat homelessness as a crisis. He noted the city's plans, announced earlier in the day, to open 200 overnight winter emergency shelter beds. “Tents, tarps and RVs are not places to sleep, because we will have secure shelters for everyone,” he said. The mayoral race , which featured 19 candidates, was thrown open when Mayor Ted Wheeler decided against seeking reelection after holding the city’s top post since 2017. Wheeler rose to national prominence in 2020 as nightly protests erupted on Portland streets and around the country in response to the police killing of George Floyd . The field of candidates in council races was crowded as well, with nearly 100 running for the new seats that were elected by voters in individual districts rather than citywide. The new city council sworn in Thursday “is more diverse and representative than any that came before,” Wilson said. Women make up half of the new council, which also includes multiple people of color — including the first two Asian-Americans to serve on the body. The 130-year-old City Hall was renovated for $8.3 million to accommodate the increase in members. The new dais can now seat 12 people; floor layouts were changed to create more office space; and technology, seismic and accessibility updates were added throughout the building. “Remodeling council chambers is a once-in-a-generation activity,” Maty Sauter, director of Portland's Bureau of Fleet and Facilities, told the outgoing City Council as it held its last meeting on Wednesday in the new chambers. “We've been able to reuse this 1895 facility and make it modern, contemporary and useful.” It’s going to take time for the new government to figure out which of the many changes are working, said Chris Shortell, associate professor of political science at Portland State University. In another first for City Hall, Wilson and the incoming Council members were elected under Portland's new system of ranked-choice voting . A candidate would win if they were the first choice of more than 50% of voters in the first round. Otherwise, a second round would eliminate the candidate with the fewest votes and their supporters’ votes go to their next choice. The process would repeat until someone emerges with a majority of votes. Some 34% of voters ranked Wilson as their first choice, according to final results. The new City Council will hold its first meeting in January.

The World Needs Ocean-Based Climate SolutionsTweet Facebook Mail South Australia is home to a new mystery multi-millionaire after somebody in the state won the entire $50 million Oz Lotto jackpot overnight. The ticket was unregistered, so officials have to wait for the winner to contact them. "Tonight's win is the second-biggest win to land in South Australia in 2024 and caps off a winning year for the state," The Lott spokesperson Matt Hart said. READ MORE: 'Terror and devastation' in Sydney vandalism attack, Jewish leader says  A South Australian lotto winner has $50 million waiting for them. (iStock) "In May this year, the state welcomed Australia's biggest individual lottery winner, an Adelaide man who pocketed a $150 million Powerball prize. "Tonight, a mystery player joined the multi-millionaire club by winning $50 million, but they possibly don't know it yet." The winning numbers were 1, 29, 20, 23, 34, 46 and 39, while the supplementary numbers were 42, 43 and 24. The winning ticketholder is urged to contact 131 868 as soon as they can. There are many different ways to get help and information about gambling. You can visit the National Gambling Helpline or call on 1800 858 858. DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .

Real Madrid 's Intercontinental Cup triumph marked a remarkable milestone for Carlo Ancelotti on Wednesday as the Italian became the manager with the most titles in the club's history with a total of 15 trophies. After his side breezed past Pachuca 3-0 in a largely one-sided contest at the Lusail Stadium in Qatar, Ancelotti surpassed the late Miguel Munoz , whom he equalled in August by winning the European Super Cup against Atalanta. "There are so many of them (titles)! I'm delighted, really happy... it's a success story," a smiley Ancelotti told Spanish television channel Telecinco. "Today I really liked the attitude from the players. Up front, they made the difference, Vinicius Jr had a great game. Offensively we did well. "We have a lot of quality. Kylian (Mbappe) had a good game, Rodrygo scored the second... We are very happy because we won a title far from home and in the middle of a busy season." 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When he was lured back to Madrid for a second spell three years ago, following the departure of club great Zinedine Zidane, he knew that his only mission was to increase Real's trophy haul and he has not disappointed. He became the first manager to capture titles in each of Europe's top five leagues - England, Spain, Germany, Italy and France - and has guided Real Madrid to two Champions League and LaLiga doubles in three seasons. Ancelotti's Real Madrid silverware includes three Champions League titles, two Club World Cups, three European Super Cups, two Spanish League titles, two Spanish Cups, two Spanish Super Cups and, now, one Intercontinental Cup title. (You can now subscribe to our Economic Times WhatsApp channel )

NEW YORK (AP) — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.